Submitted to IMO by the World Wide Fund for Nature (WWF)
This document provides detailed information on identifying an
optimal rebate key to ensure that no net incidence on developing
countries arises from the application of a global Market-Based
Measure for GHG emissions from international maritime transport.
A country's share of global imports from non-adjacent countries is
proposed as the basis for the optimal key to be used with the
Rebate Mechanism or any revenue-raising MBM under consideration.
Detailed calculations are provided for over 150 countries.
The IMO, global MBMs that reduce emissions and the question of Principles
Submitted to IMO by Clean Shipping Coalition (CSC) and World Wide Fund for Nature (WWF)
This document suggests returning to the question of the application
of Market-Based Measures (MBMs) and analyses options for
establishing an MBM that is based on the IMO principle of
non-discrimination (no more favourable treatment) and also
accounts for the UNFCCC principle of common but differentiated
responsibilities and respective capabilities (CBDR). The document
examines four ways in which differentiated application could be
achieved, and conclude that all have serious drawbacks. The
co-sponsors suggest that the UNFCCC allows for a global shipping
measure, provided that developing countries do not incur net
incremental costs, and that a rebate mechanism could achieve this.
The report of the UN High-level Advisory Group on Climate Change
Financing endorses the concept of a global scheme with a rebate
mechanism to ensure "no net incidence" on developing countries.
Finally, the co-sponsors request that these matters be discussed at
the GHG-WG 3 itself, with a view to recommending that MEPC
prepare a resolution for the IMO Assembly.